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Rob Buchanan: Channel Infrastructure CEO addresses concerns over fuel shortage as Middle East conflict continues
Published 3 months, 1 week ago
Description
The CEO of New Zealand’s largest fuel import terminal is quelling concern imports to New Zealand could cease if the Middle East conflict continues.
Iran's blocking shipping through the Strait of Hormuz as part of its response to continuing US Israeli attacks.
As of midnight Sunday, New Zealand had 49 days fuel cover.
Channel Infrastructure CEO Rob Buchanan says there are other oil producers.
He explained the US, West Africa and South America all have reserves - and can ramp up production in response.
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